"AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy."
"The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs)."
"The top 50 of the 147 superconnected companies" are:
Have to admit, I looked at that list to see if Texas Instruments was on it, as I have potential business with them and, with luck, other semiconductor companies. It wasn't there. I'm not sure I was surprised or not to see that 49 of the 50 companies were banking or stock-trading companies. Only ONE had anything to do with actually PRODUCING or CREATING something.
This is what too much of our society has been reduced to: money and the power derived from money. It's as though we've grown a generation of Gordon Geckos, whose greed and desire for control are the sole motivators in their lives. Creating, building, and innovating have been pushed aside in favor of pursuit of the almighty dollar as the primary focus, not just of adults but of youth growing to be adults. Calculus and physics are too difficult to learn and don't yield the kinds of salaries one can get at Wall Street or on the Hang Seng, so it also becomes too often the path of least resistance.
I look at this and all I can think is that socially, we're screwing ourselves ... big-time.